Anglo Asian Mining Share Discussion Threads

[csmwssk12hu] 26/10/2016 08:35

Yes your probably right, a pullback of 1 or 2p this morning should not be surprising considering rise, I think buying pressure will be back this afternoon though and we will finish up back around 31 mark imho

[jeanesy] 26/10/2016 08:22

the difference today though is that appears to be no buying pressure. I think some may be tempted to take some profit. Each to their own. Never a bad idea to take some profit.. but this has some way to go hopefully longterm.

[csmwssk12hu] 26/10/2016 08:19

Same as yesterday small pullback from initial open

[jeanesy] 26/10/2016 08:14

Although the MM's moved this up today, i think we might have a day of consolidation which imo will be no bad thing.

[csmwssk12hu] 26/10/2016 08:05

And we're off again same as everyday last three days

[wimbled] 25/10/2016 22:43

Current share price action is replicating Mar 2010 to December 2010
Back then, breaking 18p resistance level lead to quick move to 85p with minor resistance at 32-34p and strong support at +40p. Back then the share price was driven by the price of gold

Now the share price is focus
o Optimised extraction processes
o Reduction in debt
o Reduced operational costs
o Potential of major extension of existing mining area
o Gold increased by 20% in 2016

Long-term holder. :-)

[imnotspartacus] 25/10/2016 22:30

In Aug 2010 AAZ was trading at a price of 18.5p five months later it reached 70p, so I think I'll sit tight a wee while.

Come on!

[mattjos] 25/10/2016 22:19

if none of the above comments of mine resonate with some people, consider the wisdom of Jesse Livermore:

Here are nine surprising things Jesse Livermore said regarding excessive trading:

1. “Money is made by sitting, not trading.”

2. “It takes time to make money.”

3. “It was never my thinking that made the big money for me, it always was sitting.”

4. “Nobody can catch all the fluctuations.”

5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

6. “Buy right, sit tight.”

7. “Men who can both be right and sit tight are uncommon.”

8. “Don’t give me timing, give me time.”

and finally, the most important thing:

9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

[mattjos] 25/10/2016 22:16

Everyone has to make their own decisions and I do not blame anyone for selling at a profit. This is the AIM market and most will have been burned by lying management & crooked AIM brokers many times over so, banking what seems an opportune profit is a very reasonable emotional reaction in these circumstances.

The other trading activity very common on AIM is to always take back the value of your stake once the value had doubled ... thereby protecting your valuable investment pot and preventing a wipe-out. Again, very sensible & hence why, on this current leg, 30p will be a selling point for the 15p entrants & also the usual round-number psychology.

MM's know all this which is why they rushed it up to 30p to start that wave of selling and will absolutely be looking to nurse it back down, take out the 'T' traders who got in late to the rise etc.

For exactly the same reasons, those that bought the break at 20p will want to sell half at 40p'ish ... so 30p and 40p likely to be resistance for a while.

so long as folk understand the short-term psychology/motivations of the market participants (both investor/trader and market maker) then, it should help explain away some of the daily gyrations

[mattjos] 25/10/2016 21:20

long term chart link in header, with Gap fill & Bashirov commentary, updated as of today.

[jeanesy] 25/10/2016 20:11

I agree there is a long way to go before we can start dreaming about £1. I see that the cold weather in the region has started pretty early this year which could affect further exploration this year. Last december was especially cold so with the snow starting in october further exploration may have to wait.. time will tell.

[philo124] 25/10/2016 19:52

Just reflects LTH's view I think who've been there and got the tea shirt.

[csmwssk12hu] 25/10/2016 19:41

Phil that has just made me laugh, walk before we run springs to mind, think we have done walking we are jogging at minute, there's still more jogging to do before we sprint

[philo124] 25/10/2016 19:37

Let's get through 55p and 80p before we speculate about 100p plus.

[mattjos] 25/10/2016 19:32

Monte dei Paschi shares suspended today, after another 20% fall.Will Matteo Renzi defy Merkel and bail them out?

[csmwssk12hu] 25/10/2016 19:17

Gold up after close aswell tonight

[xcap] 25/10/2016 19:11

debt is coming down rapidly due to tight cost control and an excellent ASIC

the hedge, well timed, will come off in Q4 and with Au going through $1400-$1500 by year end imo this will be heading to 50p very soon and over £1 when Au breaks overhead resistance of $1400

[csmwssk12hu] 25/10/2016 18:46

Me neither, this is so low on it's pe it's scary, based on the fact they are due to drop debt by circa $17m this year alone indicates they have made at least $17m profit (£14m), a pe of 10 with no growth would not be unrealistic, with the growth in profit expected due to lower costs let alone increased production it's actually mind boggling to think we're this could go to, I've always said £1.40 is where I think this will go to by end 2017, it's around 7 times higher than were it was at the start of this year, another 4.5 times in 14 months, why not? Yes people will buy and sell these on 10 percent moves, but the clever ones are holding on, how many bought at 4 and sold at 8? This will take time, we will see some quick moves and some consolidation but I have never held anything like this, any other stock I would have ditched by now for the rise and banked it and I understand why some have, but far too often we sell winners and buy losers and hold onto them, this is time to hold on, be patient, imho dyor

[mattjos] 25/10/2016 18:17

Gold slowly carving out a base here & beginning to cause some of the moving averages to bottom and lift. If this signals the start now of the next leg higher, it should be knocking on $1,500/oz next year.

USDAZN now at 1.62 & rising .. 5% weaker now than the official devaluation rate of 1.55 from last December.

The recent buying in AAZ could well now be a gold mining fund that has decided to take a stake in the company. Mkt Cap likely to meet the requirements & the daily liquidity is improving also (2011 since we last saw this sort of monthly trading volume).

Would not be at all surprised if we get a Holdings declaration in the coming days

[zhockey] 25/10/2016 17:53

By my reckoning if they can maintain production and 70k with cash costs of $500 after 2017, then a pe of 5 would give 69p valuation.

That is a base case and if they discover some millions of ounces then we could see some multiples of that figure and perhaps also a higher pe valuation factor.

Everyone seems to be looking for £1, although I suspect that the should the driver for £1 come to pass then we could be seeing a fundamentally different prospect and £1 no longer becomes a blue sky prospect, rather the new base case.

[jeanesy] 25/10/2016 17:47

Just got back in after a nice day out with the family. Great volume and action here. It does seem to me that the herd has arrived here. There will be lots of fluctuation short term , until the excitement dies down. Then hopefully us long termers will be very pleased with where the price is. Nice to see a few selling today. Hopefully we will see some further gains tmw.I dont really have a target price as the ball game changed for me with the new discovery news. Until we know more about our new resource then im happy to see how this pans out. This is a once in a lifetime share for me . Never had one that has multipied so much in price before.. makes up for all those duds ive had before. !!!

[sleveen] 25/10/2016 17:22

Fair number of sells today and yet we're up c15% bodes well for tomorrow.

Fair play to those taking some profit, which helps to consolidate the rise.

[zhockey] 25/10/2016 17:19

The buying pressure stated at 15p and has been building. Ironically it abated after the new discovery was announced.

[pixi] 25/10/2016 17:00

jbravo2

There's far too many deals for casual interest, perhaps we've been tipped somewhere? Anyway, I'm not complaining!